Looking to diversify beyond TCLNX? The mutual funds below have historically moved differently from TCLNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TCLNX
0 mutual funds have low correlation with TCLNX (below 0.3), 0 of which are negatively correlated. The least correlated is TIAA-CREF Large-Cap Value Index Fund (TILVX) (Large Cap Value Equities) with a 1Y correlation of 0.77, roughly unchanged from 0.84 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA-CREF Large-Cap Value Index Fund | 0.77 | 0.79 | 0.84 | 94 | Large Cap Value Equities | TCLNX vs TILVX | |
| TIAA-CREF Small-Cap Blend Index Fund | 0.82 | 0.81 | 0.84 | 79 | Small Cap Blend Equities | TCLNX vs TISBX | |
| Dimensional Retirement Income Fund | 0.82 | 0.83 | 0.80 | 81 | Target Retirement Date | TCLNX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.83 | 0.80 | 0.73 | 53 | Target Retirement Date | TCLNX vs DRIQX | |
| MFS Lifetime Income Fund | 0.85 | 0.84 | 0.86 | 66 | Target Retirement Date | TCLNX vs MLLIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TCLNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.02 | 0.23 | 0.34 | 89 | Real Estate |
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